Flexible Spending Accounts

We provide access to Flexible Spending Accounts (FSAs) to help you save money, while paying for eligible health and dependent care expenses. With the FSAs, you set aside a certain amount from your paycheck before federal, FICA and most state taxes are applied to your pay to pay for eligible health care and dependent care expenses. Because you’re contributing pre-tax dollars, you reduce your taxable income, which means less taxes are taken out of your paycheck!

Here’s how much you can contribute to the FSAs in 2024:

  • Health Care FSA. Up to $3,050 to the Health Care FSA. You can rollover up to $610 of your unused Health Care FSA funds to the next year. Any amounts over the $610 remaining in your account will be forfeited, so be sure to estimate carefully. Note: The $610 roll over does not reduce the maximum amount you are able to set aside into your Health Care FSA, instead, it will increase your account $610, in the following year.
  • Dependent Care FSA. Up to $5,000 if married and file income taxes jointly ($2,500 if married and filing separately). Unlike the Health Care FSA, you cannot roll over any unused amount to the next year. Any funds remaining in your account at the end of the year will be forfeited, so be sure to estimate carefully.

Quick Links

Managing Your FSA

Get up-to-the-minute account information at any time by logging into your account at healthequity.com (select Login > WageWorks) or by calling HealthEquity at 877.924.3967.

To manage your account on the go, download the EZ Receipts app from the App Store or Google Play.

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Take Advantage

HealthEquity provides easy-to-use online tools that help you learn more about what expenses are covered and how much you can save. Check with your tax advisor to determine if it is best for you to take advantage of the child care tax credit or to enroll in the Dependent Care FSA.

Accessing Your FSAs

Throughout the year, you’ll have access to the money you’ve saved in your Health and/or Dependent Care FSAs. HealthEquity provides these easy ways to access your account funds:

You’ll receive your personalized HealthEquity Card by mail once you enroll (unless you were enrolled previously and your card is not due to expire). Whenever you make an eligible purchase or pay a provider, use it just like a credit card. The card pays directly from your account, so you don’t have to pay the expense out-of-pocket, file a claim form and wait for reimbursement. The dollars you elect when you enroll will all be available to use upon receipt of your card.

Pay bills directly from your Health Care or Dependent Care FSA using the online Pay My Provider tool available through HealthEquity. Just log in to your account, identify your health care or dependent care provider and the amount, upload your receipts and pay your bill online. You can even schedule automatic payments for recurring expenses, like adjusting braces or chiropractic treatments.

Claims are easy to complete and submit through either a paper form or online.

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When Funds are Available

  • For the Health Care FSA, you’ll have access to the full amount you elected to contribute for the year on January 1.
  • For the Dependent Care FSA, you will only have access to the amounts you have contributed to your Dependent Care FSA. For example, on February 1, if you have contributed $300 in your Dependent Care FSA, you submit a day care claim for $400 (two weeks’ worth of day care expenses). HealthEquity will automatically reimburse you $300 (what you currently have in your account) and will then reimburse the remaining $100 as your account builds back up.

Eligible Expenses

Here’s a look at the expenses that are eligible under the FSAs:

  • Prescriptions for almost any medical condition
  • Bandages, band-aids, wraps and splints
  • Co-pay, coinsurance and deductibles — but not insurance premiums
  • Dental care, both preventive and restorative
  • Orthodontia, child and adult
  • Vision care, including eyeglasses, contact lenses and saline solution
  • Eye surgery, including laser vision correction
  • Counseling and therapy
  • Insulin, glucose test strips, other medical devices (crutches, blood sugar monitors, etc.) and supplies
  • Chiropractic care, acupuncture and some other alternative treatments
  • Sunscreens with SPF 30+

Visit healthequity.com for a complete list of eligible expenses.

If you pay to care for dependents while at work, your Dependent Care FSA will cover these types of expenses for your eligible dependents:

  • Babysitting (work-related, your home or someone else’s home) or au pair services
  • Before- and after-school programs
  • Expenses for pre-school, day care, summer day camps
  • Nursery school or similar pre-kindergarten programs
  • Adult or senior day care or elder care in or outside of your home nursery school or similar pre-kindergarten programs
  • Adult or senior day care or elder care in or outside of your home

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Want to understand your benefits?

Review the Resources page to learn more.

View Resources